Foreign Tax Credit

Forum|Forum|1 year ago
July 30, 2024
1 reply
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I live abroad in a country with a double taxation agreement. All of my income is US sourced, but also taxed in my country of residence. How do I claim these taxes paid as a Foreign Tax Credit using turbotax?

DoninGA

Employee

To enter Foreign taxes paid -

Click on Federal Taxes (Personal using Home and Business)
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Scroll down to Estimates and Other Taxes Paid
On Foreign Taxes, click on the start or update button

Or enter foreign tax credit in the Search box located in the upper right of the online program screen. Click on Jump to foreign tax credit

kperlman01Author

This doesn't seem to work. It seems be be only for taxes paid on foreign sourced income (FSI). When I select that I have not received any FSI, it says that I am not eligible for the Foreign Tax Credit. I also tried to select the option to itemize my foreign tax deductions, but that didn't work either. To be clear, all of my income is US based, but I live in a country that has a double taxation agreement, and taxes paid here are a credit against my US taxes. Maybe Turbotax doesn't support this situation?